They find that for the riskiest customers, income from fees and interest does not increase quickly enough to compensate for rising default rates among these newly unleashed borrowers. (economist.com)
Since then, credit markets have rebounded sharply, despite rising default rates, as you can see in the chart above. (blackrockblog.com)
Why do rising default rates, falling recovery rates and Fed rate hikes make these securities worth avoiding? (investopedia.com)